Springdale, AR – January 2024 Jobs Report – Steady Growth Despite National Uncertainties

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Springdale’s job market started 2024 with a positive note, experiencing modest yet consistent job growth despite national economic concerns. While the January report shows a slower pace compared to the previous year, it suggests a generally stable and potentially promising outlook for the year ahead.

Highlights:

  • Overall job growth: Springdale added 0.7% new jobs compared to December 2023, translating to roughly 80 positions.
  • Strongest sectors: Trade, Transportation & Utilities (+1.1%) and Leisure & Hospitality (+1.0%) led the job gains, reflecting the ongoing importance of these industries to the local economy.
  • Manufacturing on the rise: The Manufacturing sector saw a welcome 0.8% increase, indicating potential recovery after previous declines.

Industries and Occupations on the Rise:

  • Leisure & Hospitality: With the peak season approaching, jobs in Food Preparation & Serving, Lodging, and Travel & Tourism experienced positive growth.
  • Manufacturing: Production Workers and Assemblers saw job increases, suggesting a potential rebound in the manufacturing sector, particularly in areas like food processing and machinery.

Industries and Occupations Facing Challenges:

  • Information: This sector witnessed a slight decline (-0.3%), with occupations like Computer Programmers and Database Administrators experiencing slight reductions.
  • Financial Activities: The Financial Activities sector saw a minor decrease (-0.2%), primarily due to national trends and automation in certain areas.
  • Retail Trade: While experiencing a slight decline (-0.1%), the impact is minimal and likely due to seasonal adjustments.

Year-over-Year Comparison:

Compared to January 2023, the Springdale job market has grown by 1.8%, adding approximately 200 new jobs. This indicates a positive and consistent growth trajectory despite national economic uncertainties.

Month-over-Month Comparison:

While job growth slowed down slightly compared to December 2023, the overall trend remains positive. The January report suggests a stable and improving job market in Springdale, especially with the approaching tourist season.

Future Outlook:

The Springdale job market is expected to see continued growth in 2024, with key areas of expansion including:

  • Logistics & Transportation: The growing e-commerce industry and regional development projects are expected to drive further demand in this sector.
  • Healthcare: The aging population and increasing healthcare needs will continue to create opportunities for nurses, therapists, and home healthcare workers.
  • Agriculture: Springdale’s agricultural sector is expected to remain stable, with potential growth in food processing and biotechnology.

Top 10 Growing Occupations in Springdale, AR (January 2024):

  1. Logistics Coordinators
  2. Transportation Security Specialists
  3. Food Preparation
  4. Production Workers
  5. Warehouse Workers
  6. Registered Nurses
  7. Nursing Assistants
  8. Retail Salespersons
  9. Personal Care Aides
  10. Customer Service Representatives

Top 10 Companies Hiring Now in Springdale, AR (February 2024):

  1. City of Springdale
  2. Tyson Foods
  3. Walmart
  4. J.B. Hunt Transport Services
  5. Tyson Foods, Inc. – Springdale
  6. Mercy Hospital Northwest Arkansas
  7. Tyson Poultry Inc.
  8. Tyson Foods, Inc. – Rogers
  9. Cargill Meat Solutions
  10. Springdale Public Schools

Sources: